Friday, 6 January 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 6 JANUARY 2017

CPO trading range for the day is 579.2-589.8. Crude palm oil prices ended with losses on profit booking after prices gained recently on supply worries. Malaysian palm oil production totalled 15.8 million tons in the first 11 months of this year, down 15% from the same period in 2015. South Peninsula Palm Oil Association (SPPOMA) estimated December output likely to fell 5%. Crude palm oil prices in spot market gained by 0.60 rupees and settled at 596.00 rupees.